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Loading... A new report from Pike Research forecasts that 276 million smart grid communications nodes will be shipped worldwide from 2010 to 2016, with annual shipments increasing dramatically from 15 million in 2009 to 55 million by 2016... this will represent a total industry investment of $20.3 billion during the seven-year forecast period, with annual revenues increasing from $1.8 billion in 2009 to $3.1 billion by 2016..."

Tuesday, March 8, 2011

European smart grid spending to hit $80 billion by 2020

European investments in smart grid technologies will reach $80.3 billion between 2010 and 2020, according to a new report from cleantech research and consulting company Pike Research. And smart meter deployments will hit 240 million in the same time period.
However, the European smart grid vision extends far beyond metering. Smart grids there are a significant part of the effort to achieve a low-carbon Europe by 2050, meaning dramatic reductions in greenhouse gas emissions and the almost complete elimination of fossil fuels from its energy portfolio.
Eric Woods, a senior analyst at Pike, said that while smart meter deployments are getting most of the spotlight now, transmission upgrades will be the biggest chunk of Europe's smart grid spending into 2020 – 37% of total investments, followed by smart meters, distribution automation and substation automation. Also, EV management will absorb significant investments during the later years of the forecast period.
The report, Smart Grids in Europe, also details energy policy development, national smart grid strategies and the similarities and differences among European countries.

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